Deutsche Bank reiterated their buy rating on shares of Glencore (LON:GLEN) in a report published on Wednesday, September 26th. They currently have a GBX 450 ($5.88) price target on the natural resources company’s stock.
A number of other analysts also recently issued reports on GLEN. HSBC set a GBX 440 ($5.75) price target on shares of Glencore and gave the company a buy rating in a report on Wednesday, August 1st. UBS Group reiterated a neutral rating and issued a GBX 380 ($4.97) price target on shares of Glencore in a report on Tuesday, July 3rd. Credit Suisse Group set a GBX 480 ($6.27) price objective on shares of Glencore and gave the stock a buy rating in a research note on Tuesday, July 31st. Morgan Stanley lifted their price objective on shares of Glencore from GBX 390 ($5.10) to GBX 400 ($5.23) and gave the stock an equal weight rating in a research note on Friday, June 29th. Finally, Barclays set a GBX 450 ($5.88) price objective on shares of Glencore and gave the stock a buy rating in a research note on Wednesday, July 4th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 404.88 ($5.29).
LON GLEN traded up GBX 2.35 ($0.03) on Wednesday, reaching GBX 313.60 ($4.10). The company had a trading volume of 53,188,756 shares, compared to its average volume of 46,120,000. Glencore has a 12 month low of GBX 270 ($3.53) and a 12 month high of GBX 416.91 ($5.45).
Glencore Company Profile
Glencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore.
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